Yellen: Case for rate hike 'has strengthened'

August 26, 2016 2:08 PM

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Federal Reserve Chair Janet Yellen is expected to say Friday that the case for an interest rate hike “has strengthened in recent months” in light of recent strong job growth, but she gave no signal that Fed policymakers will make a move at a meeting next month.

In remarks prepared for delivery at the Fed’s annual symposium in Jackson Hole, Wyo., Yellen said the Fed’s policymaking committee “continues to anticipate that gradual increases in the federal funds rate will be appropriate over time” to meet the Fed’s goals for inflation and employment.